Naspers new directions: Increase US exposure, limit rate hike impact
Naspers plans to increase its US exposure as it seeks to limit the impact of an interest-rate rise and identify new Internet growth prospects.
Naspers
Naspers considers raising $2.5bn to fund further acquisitions
Naspers is considering raising $2.5 billion to fund acquisitions as it looks to continue its expansion in fast-growing online markets in developing countries.
Naspers predicts interim profits will surge by up to 42%
Naspers, Africa’s biggest company by market value and owner of the continent’s largest pay-TV service, predicts interim profits will surge by up to 42%.
Naspers joy: Tencent surges to record high after best quarterly profit ever
Since the 2008 global financial crisis, South African media group Naspers has been the best performing stock in the whole world, edging its 34% Chinese associate TenCent and the world’s most valuable business, Apple Inc.
A tip – and a warning – from SA’s hottest stock market fund manager
Alec Hogg got to share the Momentum Investment Summit podium yesterday with hot money management firm 36One’s co-founder Cy Jacobs.
LIST: Sunday Times Top 100 companies – Property leads the way
The Sunday Times Top 100 companies awards track the best performing business listed on the Johannesburg Securities Exchange over a five year horizon. The 2015 prize went to Fortress Income Fund
Naspers Czech abortion, sells $201mn stake in two companies
Naspers, Africa’s biggest company by market value, is selling stakes in two Internet companies in the Czech Republic for $201 million after an aborted attempt to create an e-commerce platform across Central and Eastern Europe.
Naspers takes long view, doubles down in Putin’s Russia by investing $1.2bn
Naspers has agreed to buy a majority stake in Russia’s Avito for $1.2bn as Africa’s biggest company increases its exposure to the country’s online-retail market.
Naspers Russian invasion: $1.2bn Avito acquisition
Naspers, Africa’s largest company by market value, agreed to buy a majority stake in Russian Internet advertising company Avito in a $1.2 billion acquisition from other shareholders.
Naspers chairman Koos Bekker sells stock options worth $1.5bn
Naspers chairman Koos Bekker has reduced his stake by selling stock options valued at about $1.5bn at current prices after stepping down as chief executive officer of Africa’s biggest company last year.